The government report released on Thursday showed that in 2012, the first 11 months, Beijing (AP) - China's largest state-owned enterprise profit 6.9% year-on-year drop, the economic slowdown to deepen.
The extrusion, even if is the biggest, political favour Chinese company emphasizes the country's most serious economic recession in 2008, the global financial crisis since the serious degree.
Economic activity in the end of this year to rebound, but analysts said, economic recovery is still not stable, will be a gradual and weak. Growth fell to 7.4% in the three months in September, is considered to be in the last quarter to strengthen.
The cabinet office which shall be responsible for supervision and China's 116 largest state-owned enterprise said they have been in November last year, total profit of 1.7 trillion yuan ($270 billion). These companies including China petroleum and natural gas co., LTD., bank of China co., LTD., China mobile co., LTD., and other major company name.
This is an improvement, in the same company in the first half of this year report profits fell by 16.4%.
The total assets of the large state-owned enterprise although weaker profits, rose 15.1% to 69 trillion yuan ($10.9 trillion), according to the state-owned assets supervision and administration commission of the state council.
Rich large state-owned enterprise contributes to the setbacks. Company to get a low cost of bank loans, energy and other resources, and many are monopoly or quasi monopoly.
Communist party leaders said, China needs to build this company, with economic champions, but consumers complain about high prices and poor quality of service.
China's expansion is still more powerful than western countries in economic or Japan, but the company has started to rely on unusual high growth, keep the profits.
The company is the national healthy economy than retailers, manufacturers and other private company. And they said, as far as possible in the first half of last year operating income year-on-year drop.



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